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'malley and teri branstad and bob mcdonnell also here. we're going to talk to former u.s. olympian, dara torres, it's friday the 13th and "starting point" begins right now. >>> welcome, everybody, breaking news to start "starting point" this morning, a story developing as well. jp morgan chase is releases earnings and disclosing they lost $5 billion in a monumental trading blunder. we're digging through the numbers. christine romans will update you on what that earnings report means straight ahead. >>> also, more controversy over the uniforms for the united states olympic team. when they walk no london's olympic stadium, they are going to be wearing ralph lauren, red, white and blue ensemble made entirely in china. lawmakers are outraged for outsourcing the clothing. alina cho joins us with more on that. >> there's rare bipartisan backlash on capitol hill about this. good morning, everything in the uniform from the beret to the blazer and shoes made in china. they are made by american designer ralph lauren as soledad said and they are just for the opening and closing ceremonies, recently i got an o
, no. >> they just announced they are getting back together. >> as my mom used to call them geekwood flat. stephanie your geekwood flat tickets arrived. [ laughter ] >> all right. [♪ "world news tonight" theme ♪] >> stephanie cutter who is going to marry me and not jim -- said obama's deputy campaign manager just in case you just tuned in the story of the morning, he said either romney was misrepresenting his position at bain to the sec, which is a . . . felony! [♪ dramatic music ♪] >> or he was misrepresenting his involve in the bain capital to the american people. the romney camp said president obama's campaign hit a new low when one of its senior advisors made a reckless and unsubstantiated charge to reporters about mitt romney that was so over the top it calls into question the integrity of their entire campaign. president obama ought to apologize for the out of control behavior of his staff. >> doesn't obama realize that lots of men are chairmens, ceos of his company but don't know what they do. >> that's how you get to a be a ceo by not knowing what i
gillibrand and steve israel sent a letter to the chairman of the u.s. olympic committee asking that the committee only source uniforms from the united states in the future. is that possible? opening ceremony less than a month away. sherrod brown suggested the usoc get their uniforms from hugo boss in his home state of ohio. and harry reid was so mad, he wanted to destroy uniforms. >> i am so upset that i think the olympic committee should be ashamed of themselves. i think they should be embarrassed and should take all of the uniforms and put them in a big pile and burn them and start all over again. >> the u.s. olympic committee released a statement earlier this week which says, unlike most olympic teams around the world the u.s. olympic team is privately funded and we're grateful for the support of our sponsors. we're proud of our partnership with ralph lauren, an iconic american committee and excited to watch america's finest athletes compete at the upcoming games in london. and ralph lauren, we reached out for comment. they told me they are not giving any statement about thi
>>> this is the "cbs morning news" for friday, july 13, 2012. >>> good morning. thanks for joining us. i'm duarte geraldino. mitt romney's business experience is taking center stage in campaign 2012. at issue is whether romney was in control of the private equity firm he -- bain capital. he says no. but bain documents appear to indicate otherwise. meanwhile, president obama reflected on his first two years in office. tara mergener is in washington. good morning, tara. >> good morning, duarte. that's right. president obama says he would do a better job of inspiring if he's re-elected and this as the battle between the campaigns rages on now with accusations of lying. president obama hits the road today for campaign events in the battleground state of virginia. before heading out, he took time for an interview with cbs' charlie rose where he admit today some mistakes. >> well, you know, he's been juggling and managing a lot of stuff. where is the story that tells us where he's going? i think that was a legitimate criticism. >> the president says it spared a question everything about a presidential
and that often kills them. to put a little close on this and a chance for us to converse, what is fascinating is the degree of duality in the great executive we studied. for example, is it 20 mile marching or defining moment in their capacity to do both? 20 mile marches with discipline and superb performance in a defining luck event moments that are out of their control. why did they do so much better? in the book, we noticed that over time, great executives will recall people had the genius of "and"as opposed to the tyranny of "or." it is humility and will. it is confront the brutal facts and having faith. it is productive and paranoid. when we stand back and look at a truly great enterprise, we see a huge duality under any great enterprise. that is what we call, preserved because for and stimulate progress - the core and stimulate progress. no great company exists if it does not have a core or stimulates progress. they are willing to change their practices, their strategies, there structures without compromising core values. they understand the difference between their core values and their
. the bank says to us, who is going to -- what customer of ours in west texas is going to wade through 100 or even 20 pages? host: this is from one of our viewers. dodd-frank is typical of what happens when the private sector misbehaves. guest: that is true. regulation is reactive. it is like you are fighting the last war. whitneys' to happen is set of incentives so financial institutions and other entities have been sentenced to be responsive to customers rather than to bureaucrats that they know they can charm. host: you can send us a, on our twitter page, join the conversation. you can also email's. good morning come independent line. caller: i think he explained it good. this is relative to the corruption between wall street and washington. this has been all over the internet about things happening, nothing being done about it. you have all of these corruption scenarios going on. congress says, we did not see it. they do not see it until the taxpayers have to pay for it. host: thank you for the call. tony says, is it true dodd-frank has generated a fourth of 13,000 pages of regulation?
opinion. our phone lines are open. you can also join the conversation on our twitter page or send us an email. the question on members' personal health, how much should you know? 202-737-0001 for democrats. 202-737-0002 if you're a republican. you have a line for independents, 202-826-0205. a couple of stories related to this, first from the "chicago sun-times," former representative, now the mayor of chicago, rheaume emanuel, weighing in on all of this, saying don't rush jackson's return to congress. he added his voice, writes the "sun-times" for those representing privacy for an ailment most recently described as a mood disorder, and then poking fun at congress, why should he get back to work, congress does no work. the last time i checked, they had their second repeal of the bill, why rush? the story from the "chicago sun-times." house leaders offering support as jackson jr. treated for a disorder. spoker of the house john baners was asked about it yesterday saying we hope he gets well soon, and frankly, he hopes he gets back soon. the democratic leader in the house is nancy pelos
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dozen to dozen times between when the u.s. supreme court agreed to hear the case and harvard law professor appeared in public in the classroom by saying th way of the indationwod h wobeth wee fel rn has on msnbc and other networks. he said it again and again and again. and of course, he is teacher that both thechief justice and president obama had when they re students law students at had. stn'c that the basis of the decision is entirely on prince. it is based n what the tngs said. i can realize people can disagree with it. and evidencely so. i think at i the ay se w may have happened leading up to the decision. i. >> just to correct the record. i certainl agree with chief justice roberts whenever he came to the conclusion genuinely believed, i findhitax nvng eriv he came to it as a matter of law, it isunfortunate that -- the question i was raisingis i he d co rve cos o the groundty, if they were the case, and there is at least some leaks that might be the case, is that an admirable move? u t neocens e ca. ane ot ifce to. >> i think that certainly the chief justice needs to be c
from passengers on a flight from new york to madrid. tom costello covers aviation for us. tom, how are you? >> reporter: good morning. delta flight to madrid, 206 passengers on board. it left new york at 8:00 but soon after turned back to jfk and escorted to a remote location on the runway after a passenger spotted something that looked very suspicious. on the floor of a lavatory, a straw with wires in it. the crew notified on board air marshals and then a female passenger began having difficulty breathing as she pointed out another male passenger she thought was the last person into the lavatory. the male passenger denied going to the rest room or having anything to do with the wires but the air marshals and crew became concerned that the female passenger might be part of a diversion. listen to the pilot talking to the tower when they were on the ramp but before police boarded the plane. >> we have a lady that is on oxygen that the flight attendants want paramedics for, but we think she's the one that is supposed to be the decoy to keep looking at the gentleman that was playing wi
. ladies and gentlemen, madam chair, as we used to say that in the senate, to excuse a point of personal privilege, where is delaware? hey, delaware! i'm a lifetime member of the naacp. [applause] there is that old expression. you go home with those that brang you to the dance. they brung me to the dance. i was educated, and i went to the battle with mouse. hey, mouse, how are you doing, man? mouse and i go back a long way. to the days when i waw a public offender. mouse got my back a bunch of times. it is so good to be with you all. i want to thank you all for your leadership and for your friendship, and, again, personally, for your loyalty. it is not an exaggeration. were it not for the leadership of the naacp, the men and women who educated me when we would sit over in reverend wright's churches -- remember, mouse, those days? i learned so much and i owe so much. ladies and gentlemen, this is not about me. this is about another office. this is about the presidency. this is about -- [applause] more than any other office in the land, the presidency is about character, the character of y
and managing a lot of stuff. where is the story that tells us where he's going? i think that was a legitimate criticism. >> the president says it spared a question everything about a presidential candidate and the obama campaign has some questions about mitt romney's time at bain capital. a report from the boston globe says romney filed paperwork with the government where he claimed to be the sole owner and ceo of the private equity firm as late as 2002. the romney campaign says he had no input on investments or management of the company after he left to take charge of the winter olympics in 1999. at the heart of the issue, who was in charge of bain during the years from 1999 until 2001? that was the time period when bain ran companies that went bankrupt and invested in others that shipped jobs overseas. >> does virginia really want an outsourcer in chief in the white house? . >> the obama campaign ad has been running for weeks hammering romney over the outsourcing issue. >> it's false and misleading. >> the romney campaign is hitting back with its own ads. >> the obama outsourcing attacks mi
tarnished joe paterno's legacy. let us know what you think at >> you saw a strung ing of the e-mails another one jim didn't get to, the former vice president, the only downside if the message isn't heard and acted upon we become vulnerable for not having reported it. they knew this was going on. and they failed to disclose it because of the potential ramifications for what it could do to the university. >> this isn't a cheating scandal or petty theft. the lives of students. criminal charges against administrators, civil suits from sandusky victims. and ncaa has not decided what it will do just yet. far from over. >>> now to the developing political story about mitt romney zeroing ian on a runningmate and former secretary of state condoleezza rice could be the top choice. the drudge report said rice emerged as a front-runner. rice recently e-mailed supporters saying 2012 could be a turning point for the country and the election is one of the most important of her lifetime. ann romney said we have been looking at picking a woman and i love the option as well. >>> a key figure at
figure at the center of the largest health fraud settlement in u.s. history is speaking out. a week after the company agreed to pay a fine, the whistle blower said he went to company officials with safety concerns about promoting drugs for unapproved uses and then heap says he was fired. he says the pun ushment should be more than just money. >> i hope that some of these people will eventually go to prison and i am not talking country club prison, i'm talking doing hard time. >> i think a lot of folks feel that way. he lost his job and his home. but under whistle blower rules he could be entitled to as much as a quarter of the civil fine in the case, the fine actually tops $1 billion. >>> parents are going to want to pay extra attention to this story. an abc news investigation uncovered a hidden danger in the dentist's office. children as young as 18 months old are given dangerous doses of anesthesia and sedatives for routine procedures. some times with deadly results. here's abc's chief investigative correspondent brian ross. >> reporter: for 8-year-old braven blanco, a routine trip to t
'm steve sanders. and i'm dina bair. we welcome our viewers who are watching us around the country on wgn america and on the web. wgn's julian crews is live on the south side with details. we are seeing a new wrinkle in police tactics in a pair of chicago districts and this is a measure of how desperate the police superintendent and the mayor are to reduce the violence with out of the box thinking and a historic new campcollaboration between police and cease-fire a mediator for gangs ... >>this is a collaboration. >>bob jackson said it works ... an 18 year-old double shooting suspect turned himself in ... but his family says it's a case of mistaken identity. the young man they say has an alibi whatever the outcome of the cease-fire roseland group says its a good outcome ... >>in a historic pilot program chicago police and the cease- fire groups will be collaborating in the city's third and 10th districts that will work together to mediate between rival gangs to prevent retaliations ... it's a controversial idea police resisted this in the past been reluctant to get into the game of ne
then the story has taken off. >> reaction pouring in about the u.s. olympic uniforms, the red white and blue made in china. as abc's sharyn alfonsi reports there is a call for action. >> reporter: they're the men and women of team usa and when they march into london's opening ceremonies with the world watching, team usa will be wearing clothing almost entirely made in china. >> you look dashing. >> thank you very much. >> reporter: we outfitted our producer carlos and intern catherine in the official opening ceremony uniform and soon learned the all-american look by ralph lauren is not that american. made in china. this is china. china. from the beret all the way down to her bucks. made in china. every item made overseas. our reporting setting off a bipartisan backlash and rare agreement on capitol hill. >> they should be wearing uniforms that are made in america. >> you would think they would know better. >> they should take the uniforms, put them in a big pile and burn them. >> they should be made in america, showing our best not just athletics. >> this is america, we landed americans on the mo
Search Results 0 to 17 of about 18 (some duplicates have been removed)